WANT TO RECEIVE FINANCIAL MARKET UPDATES STRAIGHT TO YOUR INBOX?
LUTZ POOLED EMPLOYER PLAN
A New RETIREMENT PLAN SOLUTION FOR YOUR BUSINESS
ARE YOU LOOKING TO REDUCE TIME-CONSUMING ADMINISTRATIVE DUTIES, FIDUCIARY LIABILITY AND EXPENSES RELATED TO YOUR EMPLOYEE RETIREMENT PLAN?
Lutz Financial’s Pooled Employer Plan (PEP) allows businesses of all sizes, industries, and locations to come together and adopt the benefits of one employee retirement plan. The PEP offers the flexibility to implement plan features that fit your organization while limiting your risk and cost associated with an individual custom plan. Administered by industry professionals and adopted by various companies in the Midwest, Lutz Financial’s PEP provides a new retirement planning solution to save you time, reduce expenses and assist employees in reaching their financial goals.
Employer Benefits
- Delegate Fiduciary Liability
- Free-Up Resources
- Cost-Efficiencies for Employer & Employees
- Digital Access to Plan Functions & Information
- Easy Account Set-Up
- Payroll Integration
- Investment Management
- Automated Participant Registration
Employee Benefits
- Full-Function Participant Website & Call Center (English & Spanish)
- Educational Materials
- Financial Wellness Resources
- Mobile App
- Streamlined Investment Options
- Lutz Financial Risk-Based Model Portfolios
- Unbiased Support from CFP(r) Professionals
IS A PEP RIGHT FOR ME?
Lutz Financial’s Pooled Employer Plan is managed by a local registered investment adviser in Nebraska and backed by one of the nation’s largest defined contribution recordkeepers, Newport. The PEP is designed to provide a simplified, cost-efficient retirement plan option for local Midwest small to mid-size businesses, national companies, and everything in between. Do any of the below statements resonate with you? If so, a PEP might be a great fit for your company.
✔ I don’t have the time to dedicate to running a plan.
✔ I have concerns over potential fiduciary risk.
✔ I’ve been reluctant to sponsor a retirement plan due to cost.
✔ I currently sponsor a plan but am looking to outsource time-consuming activities.
✔ I wish to delegate investment decisions to an investment manager.
✔ I need a plan for my employees but would like to reduce audit costs and plan responsibilities.
FIDUCIARY RISK MITIGATION
Fiduciary investment duties are outsourced to Lutz Financial, who serves as an ERISA 3(38) investment fiduciary.
TIME SAVINGS
Adopting employers are relieved of most plan administrative duties, allowing more time to focus on their business.
COST-EFFICIENT
Costs are spread across a larger participant and asset base, reducing the expenses for each employer adopting the plan.
POOLED EMPLOYER PLAN VS. SINGLE-EMPLOYER PLAN
How does the role of the employer compare by plan type?
- Selects Pooled Plan Provider
- Named Fiduciary [402(a)]
- Operational Fiduciary [3(16)]
- Fund Selection and Monitoring
- Creates and Adopts Investment Policy Statement
- Selects Investment Manager
- Selects Plan Trustee
- Consults on Plan Design
- Plan Design Edits
- Reviews/Approves/Signs Off on Plan Documents
- Reviews/Signs/Files 5500
- Reviews/Approves/Signs Off on Compliance Testing/Distributions/QDROs
- Monitors Plan Eligibility
- Beneficiary Tracking
- Prepares/Approves Required Notices/Reports
- Compiles/Completes Year-End Census Data
- Submits Timely and Accurate Payroll/Plan Contributions
- Selects/Monitors Service Providers
- Selects/Works with Plan Auditors
- Manages Participant Communications/Education
- Conducts Investment Meetings
- Monitors/Benchmarks the PPP
- Selects Pooled Plan Provider
- Named Fiduciary [402(a)]
- Operational Fiduciary [3(16)]
- Fund Selection and Monitoring
- Creates and Adopts Investment Policy Statement
- Selects Investment Manager
- Selects Plan Trustee
- Consults on Plan Design
- Plan Design Edits
- Reviews/Approves/Signs Off on Plan Documents
- Reviews/Signs/Files 5500
- Reviews/Approves/Signs Off on Compliance Testing/Distributions/QDROs
- Monitors Plan Eligibility
- Beneficiary Tracking
- Prepares/Approves Required Notices/Reports
- Compiles/Completes Year-End Census Data
- Submits Timely and Accurate Payroll/Plan Contributions
- Selects/Monitors Service Providers
- Selects/Works with Plan Auditors
- Manages Participant Communications/Education
- Conducts Investment Meetings
- Monitors/Benchmarks the PPP
- Selects Pooled Plan Provider
- Named Fiduciary [402(a)]
- Operational Fiduciary [3(16)]
- Fund Selection and Monitoring
- Creates and Adopts Investment Policy Statement
- Selects Investment Manager
- Selects Plan Trustee
- Consults on Plan Design
- Plan Design Edits
- Reviews/Approves/Signs Off on Plan Documents
- Reviews/Signs/Files 5500
- Reviews/Approves/Signs Off on Compliance Testing/Distributions/QDROs
- Monitors Plan Eligibility
- Beneficiary Tracking
- Prepares/Approves Required Notices/Reports
- Compiles/Completes Year-End Census Data
- Submits Timely and Accurate Payroll/Plan Contributions
- Selects/Monitors Service Providers
- Selects/Works with Plan Auditors
- Manages Participant Communications/Education
- Conducts Investment Meetings
- Monitors/Benchmarks the PPP
- Selects Pooled Plan Provider
- Named Fiduciary [402(a)]
- Operational Fiduciary [3(16)]
- Fund Selection and Monitoring
- Creates and Adopts Investment Policy Statement
- Selects Investment Manager
- Selects Plan Trustee
- Consults on Plan Design
- Plan Design Edits
- Reviews/Approves/Signs Off on Plan Documents
- Reviews/Signs/Files 5500
- Reviews/Approves/Signs Off on Compliance Testing/Distributions/QDROs
- Monitors Plan Eligibility
- Beneficiary Tracking
- Prepares/Approves Required Notices/Reports
- Compiles/Completes Year-End Census Data
- Submits Timely and Accurate Payroll/Plan Contributions
- Selects/Monitors Service Providers
- Selects/Works with Plan Auditors
- Manages Participant Communications/Education
- Conducts Investment Meetings
- Monitors/Benchmarks the PPP
Ready to get started? Contact Lutz Financial today!
P: 402.827.2300 | F: 402.827.2319 | E: contact@lutzfinancial.com | 13616 California Street | Suite 200 | Omaha, NE 68154
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